Cost of Living in Renwick, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.4
100 = national avg
-21.6 vs national average
Living Wage (1 Adult)
$34,506
per year
Living Wage (Family of 4)
$81,558
per year
Cost Index by Category
Housing62.0
Food91.6
Transportation83.1
Healthcare93.2
Utilities87.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$798
per month
2 Bedroom
$919
per month
The overall cost of living index in Renwick is 78.4, which is 21.6% below the national average. Housing costs are below the national average at an index of 62.0. A single adult needs to earn approximately $34,506 per year to cover basic expenses.